Although considerable emphasis is placed on wealth creation and protection, another vital aspect of your overall financial strategic development is how your wealth will be distributed after your death.
Estate planning is the process of planning what to do after death to ensure your wishes are carried out that the right assets get into the right hands at the right time thus reducing risk and potential unpleasantness for surviving family members and friends.
A Halifax adviser can help you recognise and identify the objectives and goals of your estate plan and in conjunction with a qualified solicitor and/or an accountant to prepare a proper estate plan for you. Some of the issues covered will include:
- The need for a valid Will
- Power of Attorney
- Enduring Power of Attorney
- Testamentary Trusts
- Estate Planning Trusts
- Guardianships
- The passing of non-estate assets such as superannuation and life insurance proceeds.
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